Ad #7540992
MLS #R11164744
Ideally positioned on a 100' x 85' lot in one of Palm Beach's
240 Oleander Ave, Palm Beach, FL 33480
$5,500,000
4Beds
4Baths
2,718Sqft
0.2Acres
About this property
Ideally positioned on a 100' x 85' lot in one of Palm Beach's most coveted in-town locations, this meticulously maintained two-story CBS-construction multifamily property offers exceptional versatility and long-term upside. Just steps from the ocean and moments from Palm Beach's premier restaurants, boutiques, and cultural destinations, the setting is truly unparalleled. The sale includes pre-approved plans for an approximately 4,500-square-foot new residence, creating an outstanding opportunity for redevelopment or custom end-user use. The existing structure is configured as three well-appointed apartments, including one two-bedroom/two-bath residence and two one-bedroom/one-bath units, providing immediate income potential. Additional features include a garage topped by a private rooftop deck, four off-street parking spaces, and 100 feet of frontage on Oleander Avenue. Whether preserved as an income-producing asset or transformed into a new luxury estate, this offering combines solid construction, an irreplaceable location, and multiple value-enhancement options making it a rare opportunity on Palm Beach Island.
Property Features
4 Beds
4 Baths
2,718 Sqft
Built in 1952
0.2 Acres
2 Stories
Garage, Garage - Attached
Siding: Block, CBS
Composition, Shingle Roof
Central
$62,501 / yr property tax
Palm Beach County
JEANETTE COURT Community
Additional Photos
Contact Information
Jeffrey Creegan
Compass
561-939-9819
Location
Listing Agent: Jeffrey Creegan (License #: 3432383) 561-939-9819
Broker: Compass 999-999-9999 Listing Site
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Compass 999-999-9999 Listing Site
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
BeachHouse.com
Printed Aug 11, 2026
Photo Gallery
$5,500,000
4
Beds
4
Baths
2,718
Sqft
240 Oleander Ave, Palm Beach, FL 33480
By contacting this agent you agree to these Terms and Conditions.
MLS# R11164744
Ideally positioned on a 100' x 85' lot in one of Palm Beach's
$5,500,000
240 Oleander Ave, Palm Beach, FL 33480
4
Beds
4
Baths
2,718
Sqft
0.2
Acres
$5,500,000
240 Oleander Ave, Palm Beach, FL 33480
4 Beds
4 Baths
2,718 Sqft
0.2 Acres
Ideally positioned on a 100' x 85' lot in one of Palm Beach's most coveted in-town locations, this meticulously maintained two-story CBS-construction multifamily property offers exceptional versatility and long-term upside. Just steps from the ocean and moments from Palm Beach's premier restaurants, boutiques, and cultural destinations, the setting is truly unparalleled. The sale includes pre-approved plans for an approximately 4,500-square-foot new residence, creating an outstanding opportunity for redevelopment or custom end-user use. The existing structure is configured as three well-appointed apartments, including one two-bedroom/two-bath residence and two one-bedroom/one-bath units, providing immediate income potential. Additional features include a garage topped by a private rooftop deck, four off-street parking spaces, and 100 feet of frontage on Oleander Avenue. Whether preserved as an income-producing asset or transformed into a new luxury estate, this offering combines solid construction, an irreplaceable location, and multiple value-enhancement options making it a rare opportunity on Palm Beach Island.
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Property Details
HOME DETAILS
4 Beds
4 Baths
2,718 Sqft
Built in 1952
0.2 Acres
2 Stories
EXTERIOR
Garage, Garage - Attached
Siding: Block, CBS
Composition, Shingle Roof
INTERIOR
Central
FINANCIAL & COMMUNITY
$62,501 / yr property tax
Palm Beach County
JEANETTE COURT Community
See More Details
Location
Mortgage Calculator
Ad Statistics
Ad Number
7540992
Viewed
90 times
Listing Status
Active
Added
Apr 09, 2026
Last Refreshed
Jul 03, 2026 06:17:28 PM
Listing Information
Data Source
BeachesMLS
Source Property ID
R11164744
Listing Agent: Jeffrey Creegan (License #: 3432383) 561-939-9819
Broker: Compass 999-999-9999 Listing Site
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Compass 999-999-9999 Listing Site
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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